Mortgage Rates as of May 20, 2013
Single Family Primary Residences and Second Homes Only
Conventional-Minimum 20% Down-Payment without Mortgage Insurance
| Term |
Rate |
Points |
A.P.R. |
(Maximum Loan-Not Specified)
Monthly Payment per $10,000.00 |
| 30 Yrs |
3.750% |
0 |
3.778% |
$46.31 |
| 3.625% |
1 |
3.735% |
$45.60 |
| 3.500% |
2 |
3.691% |
$44.90 |
| 3.375% |
3 |
3.648% |
$44.21 |
| |
|
|
|
|
| 25 Yrs |
3.625% |
0 |
3.657% |
$50.73 |
| 3.500% |
1 |
3.626% |
$50.06 |
| 3.375% |
2 |
3.596% |
$49.39 |
| 3.250% |
3 |
3.566% |
$48.73 |
| |
|
|
|
|
| 20 Yrs |
3.500% |
0 |
3.538% |
$57.99 |
| 3.375% |
1 |
3.527% |
$55.35 |
| 3.250% |
2 |
3.516% |
$56.72 |
| 3.125% |
3 |
3.506% |
$56.08 |
| |
|
|
|
|
| 15 Yrs |
2.750% |
0 |
2.799% |
$67.86 |
| 2.625% |
1 |
2.817% |
$67.26 |
| 2.500% |
2 |
2.837% |
$66.67 |
| 2.375% |
3 |
2.858% |
$66.09 |
| |
|
|
|
|
| 10 Yrs |
2.750% |
0 |
2.821% |
$95.41 |
| 2.625% |
1 |
2.906% |
$94.83 |
| 2.500% |
2 |
2.993% |
$94.27 |
| 2.375% |
3 |
3.082% |
$93.70 |
| |
|
|
|
|
NOTE: Policy exceptions are not permitted without authorization.
No interest rate reduction for auto-debited payments.
Jumbo Loans of $417,000.+ subject to 0.5% increase in posted rate.
Jumbo Loan Program applies only to primary residences and second homes in the "08" zip code.
Jumbo Loan Program applies to Fixed Rate and ARM Programs.
Adjustable Rate Mortgages
| Program |
Rate |
Points |
A.P.R. |
Monthly Payment per $10,000.00 |
| One Year |
5.550% |
0 |
3.725% |
$57.09 |
| 3/1 |
4.500% |
1 |
3.863% |
$50.67 |
| 5/1 |
4.750% |
1 |
4.093% |
$52.17 |
| 7/1 |
5.000% |
1 |
4.370% |
$53.68 |
Rates for investment properties pertain to Adjustable Rate Mortgages only and will be increased by 200 basis points and will be assessed a 1% Origination Fee. Maximum 20 year term on investment properties. Maximum 2 investment properties financed with Colonial Bank. 30% Down-Payment. $595.00 Application Fee for 2-4 unit properties.
Required Fees: $350 Application Fee (due at submission), and $750 Commitment Fee (due at closing)
All rates are subject to change.
Loans are subject to credit approval. The disclosed rates are for borrowers meeting our normal credit underwriting standards.
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